Net sales from continuing operations for the third quarter were $165.4
million, a decrease of 17% compared to $199.9 million in the
comparable quarter of 2008. The decrease is primarily the result of
continued weak economic conditions.

The Company reported a net loss of $(5.3) million or $(0.15) per share
in the third quarter compared to net income of $1.3 million or $0.04
per share in the third quarter of 2008, both including results from
discontinued operations, as well as special expenses of $5.8 million
in 2009 and $2.6 million in 2008.

The Company reported a loss from continuing operations of $(0.6)
million or $(0.02) per share in the third quarter compared to income
from continuing operations of $1.7 million or $0.05 per share in the
third quarter of 2008, including the special expenses shown above.

Excluding special expenses, income from continuing operations, net of
taxes, was $3.2 million or $0.09 per share in the third quarter of
2009, unchanged compared to $3.2 million or $0.09 per share in the
third quarter of 2008.

Gross profit from continuing operations was 22.1% in the third quarter
compared to 23.4% in the same period of 2008. The decrease is
primarily due to lost absorption from lower volumes and product mix,
which offset benefits from the Company’s restructuring initiatives.

SG&A, including special expenses noted above, declined $4.6 million in
the third quarter of 2009 compared to the third quarter of 2008,
primarily due to reduced freight and other selling expenses from lower
volumes and benefits from restructuring initiatives.

Due to strong cash flow from continuing operations, the Company was
able to reduce total debt by $11.8 million to $145.0 million at the
end of third quarter from $156.8 million at June 30, 2009.

John C. Orr, president and chief executive officer, said, “Although
sales were down 17 percent from the third quarter of 2008, profitability
was unchanged at $3.2 million [excluding special expenses] compared to
the third quarter of last year. This reflects our work with permanent
cost reductions and benefits from our restructuring initiatives.

“During the quarter, we also made the decision to close two
manufacturing facilities and divest two of our rubber products
businesses. This continues to position Myers Industries for stronger
performance as the economy recovers.”

Results from Continuing Operations –
As Reported Third Quarter and Nine Months:

$ millions, except per share data

Third Quarter Ended Sept. 30

Nine Months Ended Sept. 30

Consolidated Results:

2009

2008

% Change

2009

2008

% Change

Net Sales

$165.4

$199.9

- 17%

$513.5

$634.2

- 19%

Income (Loss) Before Taxes

$(1.8)

$3.1

--

$6.3

$21.5

- 70%

Income (Loss), Net of Taxes

$(0.6)

$1.7

--

$5.0

$13.2

- 62%

Income (Loss) Per Share

$(0.02)

$0.05

--

$0.14

$0.37

- 62%

Third Quarter Ended Sept. 30

Third Quarter Ended Sept. 30

Segment

Net Sales

2009

2008

% Change

Segment Income(Loss) BeforeTaxes

2009

2008

% Change

Lawn & Garden

$40.8

$60.5

- 33%

Lawn & Garden

$(1.9)

$(1.7)

--

Material Handling

$62.8

$66.3

- 5%

Material Handling

$3.7

$7.0

- 47%

Distribution

$43.3

$48.7

- 11%

Distribution

$4.6

$5.3

- 13%

Auto & Custom

$23.5

$30.5

- 23%

Auto & Custom

$1.6

$2.0

- 20%

Nine Months Ended Sept. 30

Nine Months Ended Sept. 30

Segment

Net Sales

2009

2008

% Change

Segment Income(Loss) BeforeTaxes

2009

2008

% Change

Lawn & Garden

$160.0

$215.8

- 26%

Lawn & Garden

$10.8

$5.2

108%

Material Handling

$186.4

$200.6

- 7%

Material Handling

$13.9

$19.7

- 29%

Distribution

$119.8

$142.4

- 16%

Distribution

$9.4

$14.2

- 34%

Auto & Custom

$64.4

$95.2

- 32%

Auto & Custom

$1.2

$7.0

- 83%

During the third quarter, weak end markets continued to result in sales
volume declines across the Company’s segments. Customers continued to
conserve cash and reduce spending, purchasing products on a just-in-time
basis. In the Material Handling Segment, weakness in industrial and
other markets resulted in customers deferring investments for reusable
container systems and conversions. Lawn and Garden Segment volumes moved
lower on a comparative basis to 2008, primarily due to a buying shift
from 2008 when growers bought inventory earlier than usual ahead of
rising costs. While a leading indicator for the Distribution Segment –
miles driven by all vehicles – moved slightly higher during the quarter,
demand for tire service supplies and equipment remained weak on
continuing softness in vehicle service markets. In the Auto and Custom
Segment, new business wins and a slight upturn in the RV industry were
offset by slow demand for original equipment and custom products.

Gross profit was 22.1% in the third quarter of 2009 compared to 23.4% in
the third quarter of 2008. For the 2009 nine-month period, gross profit
was 26.0% compared to 24.0% for the same period in 2008. This decline in
the quarter primarily reflects persistent market weakness and the
seasonal impact of lower volumes, which offset volume-driven benefits
from restructuring programs in the Lawn and Garden and Material Handling
Segments.

For the nine-months ended September 30, 2009, income from continuing
operations was $5.0 million or $0.14 per share compared to $13.2 million
or $0.37 per share for the same period in 2008. Excluding special
expenses of $19.3 million in 2009, income, net of taxes, was $17.4
million or $0.49 per share. This compares to income from continuing
operations of $16.0 million or $0.45 per share, excluding special
expenses of $4.6 million, for the same period in 2008.

Special Pre-Tax Expenses

In 2009, special expenses for the third quarter and nine months were:

$5.8 million in the quarter, including approximately $2.4 million
related to asset impairment and other restructuring expenses in the
Lawn and Garden Segment, approximately $1.0 million related to the
facility closings in the Auto and Custom Segment, and approximately
$2.4 million in corporate expenses related to the manufacturing and
productivity program in the Material Handling Segment; and

$19.3 million for the nine months, including approximately $9.3
million related to restructuring expenses in the Lawn and Garden
Segment, approximately $2.3 million related to the closure of two
facilities in the Auto and Custom Segment, and approximately $7.7
million in corporate expenses related to the manufacturing and
productivity programs in the Material Handling and Lawn and Garden
Segments.

In 2008, special expenses for the third quarter and nine months were:

$2.6 million in the quarter, including approximately $2.4 million
related to severance and restructuring in the Lawn and Garden Segment
and approximately $0.2 million related to an executive retirement
plan; and

$4.6 million for the nine months, including, in addition to the $2.6
million above, approximately $1.0 million related to an executive
retirement plan and $0.8 million related to severance and
restructuring expenses in the Lawn and Garden and Material Handling
segments.

The Company announced in September 2009 that it intended to sell two
businesses from its Automotive and Custom Segment – Buckhorn Rubber
Products, Inc. and Michigan Rubber Products, Inc. – to Zhongding Sealing
Parts Co. Ltd. The transaction is expected to close early in the fourth
quarter of 2009. Both consolidated and segment results from continuing
operations are restated to reflect these businesses as discontinued
operations for the third quarter and year-to-date periods.

For the third quarter, net sales from discontinued operations were $8.4
million compared to $14.1 million in the third quarter of 2008. Net loss
from discontinued operations was $(4.7) million or $(0.13) per share in
the third quarter, which primarily reflects an impairment of long-lived
assets of $7.8 million as a result of the pending sale of the rubber
products businesses. This is compared to a net loss from discontinued
operations of $(0.4) million or $(0.01) per share in the third quarter
of 2008.

For the nine months, net sales from discontinued operations were $23.6
million compared to $43.7 million for the same period of 2008. Net loss
was $(6.6) million or $(0.19) per share for the 2009 nine months as
compared to net income of $1.4 million or $0.04 per share for the same
period of 2008.

Business Outlook

The Company has undertaken significant restructuring and optimization
initiatives during 2008 and 2009 to improve long-term performance and
mitigate the impact of lower volumes due to the global economic
downturn. The Company is cautiously optimistic in its outlook for
overall economic and end market improvements in the remainder of the
year and early 2010. We will continue to review all of our operations
and take additional actions to better position ourselves for an economic
rebound and drive long-term growth for shareholder value.

About Myers Industries

Myers Industries, Inc. is an international manufacturer of polymer
products for industrial, agricultural, automotive, commercial and
consumer markets. The Company is also the largest wholesale distributor
of tools, equipment and supplies for the tire, wheel and undervehicle
service industry in the U.S. The Company reported 2008 net sales of
$867.8 million. Visit www.myersind.com
to learn more.

About the 2009 Third Quarter Financial
Results: The data herein is unaudited and reflects our
current best estimates and may be revised as a result of management's
further review of our results for the quarter ended Sept. 30, 2009.
During the course of the preparation of our final consolidated financial
statements and related notes, we may identify items that would require
us to make material adjustments to the preliminary financial information
presented.

Caution on Forward-Looking Statements:
Statements in this release may include “forward-looking” statements
within the meaning of the Private Securities Litigation Reform Act of
1995. Any statement that is not of historical fact may be deemed
"forward-looking." Words such as “expect,” “believe,” “project,” “plan,”
“anticipate,” “intend,” “objective,” “goal,” “view,” and similar
expressions identify forward-looking statements. These statements are
based on management’s current views and assumptions of future events and
financial performance and involve a number of risks and uncertainties,
many outside of the Company's control, that could cause actual results
to materially differ from those expressed or implied. Risks and
uncertainties include: changes in the markets for the Company’s business
segments; changes in trends and demands in the markets in which the
Company competes; unanticipated downturn in business relationships with
customers or their purchases; competitive pressures on sales and
pricing; raw material availability, increases in raw material costs, or
other production costs; future economic and financial conditions in the
United States and around the world; ability to weather the current
economic downturn; inability of the Company to meet future capital
requirements; claims, litigation and regulatory actions against the
Company; changes in laws and regulations affecting the Company; the
Company’s ability to execute the components of its Strategic Business
Evolution process; and other risks as detailed in the Company’s 10-K and
other reports filed with the Securities and Exchange Commission. Such
reports are available from the Securities and Exchange Commission’s
public reference facilities and its web site at http://www.sec.gov,
and from the Company’s Investor Relations section of its web site, at http://www.myersindustries.com.
Myers Industries undertakes no obligation to publicly update or revise
any forward-looking statements contained herein. These statements speak
only as of the date made.